[identity profile] katstevens.livejournal.com posting in [community profile] poptimists
For better or worse, Katy Perry is this week's brand new Number 1. Rihanna moves up into the top ten, and in inexplicable re-entry news, Baz Luhrmann's in at no.72 with 'Everybody's Free (To Wear Sunscreen)'. Okaaay.

[Poll #1238683]

Date: 2008-08-11 03:00 pm (UTC)
From: [identity profile] lockedintheatti.livejournal.com
I think some of the loss of the record company interest has been the big decline in single sales - historically it was possible to make profits from singles (making them worthwhile to release) whereas now they are much less profitable as they don't sell enough (there is more money in albums). Historically the R&B & Dance markets have been heavily biased to single sales and have sold less well as artist albums. Now that singles don't sell enough, it's not worth it if they can't sell albums of the back of it. (well, that's what a colleague who used to work for Ministry's label told me anyway)

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